for – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 15 Apr 2019 14:47:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Is it possible to have a board meeting for all general meetings that didn’t take place? https://www.muhasebenews.com/en/is-it-possible-to-have-a-board-meeting-for-all-general-meetings-that-didnt-take-place/ https://www.muhasebenews.com/en/is-it-possible-to-have-a-board-meeting-for-all-general-meetings-that-didnt-take-place/#respond Mon, 15 Apr 2019 14:47:38 +0000 https://www.muhasebenews.com/?p=54697 For a Limited Company, can we hold a board meeting for all the ordinary general meetings that didn’t take place since 2010?

 

It is possible to have a single meeting for all general and board meetings.

 

 

 

 

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/is-it-possible-to-have-a-board-meeting-for-all-general-meetings-that-didnt-take-place/feed/ 0 Is it possible for foreigners to obtain property in Turkey? https://www.muhasebenews.com/en/is-it-possible-for-foreigners-to-obtain-property-in-turkey/ https://www.muhasebenews.com/en/is-it-possible-for-foreigners-to-obtain-property-in-turkey/#respond Thu, 11 Apr 2019 14:46:02 +0000 https://www.muhasebenews.com/?p=54389 Is it possible for foreigners to obtain property in Turkey?

 

There are three ways for foreigners to obtain property in Turkey based on their status:

1- Obtaining property as a real person
2- Obtaining property as a foreign company (established in other countries)
3- Obtaining property as a foreign-invested company (established in Turkey)

 

 

 

Source: yoik.gov.tr
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/is-it-possible-for-foreigners-to-obtain-property-in-turkey/feed/ 0 Can there be deductions from the worker’s wage for the losses? https://www.muhasebenews.com/en/can-there-be-deductions-from-the-workers-wage-for-the-losses/ https://www.muhasebenews.com/en/can-there-be-deductions-from-the-workers-wage-for-the-losses/#respond Mon, 08 Apr 2019 12:26:34 +0000 https://www.muhasebenews.com/?p=39707 SUBJECT

About cutting back on the worker’s wage due to loss.

QUESTION
…
There are construction contract works we do as a subcontractor.
We employ a lot of workers in sites.
There are a lot of entrances to and exits from the site.
There are workers we employ in these sites according to score method.
We make a lot of expenses when emloying these workers, such as medical examination, uniform etc.
These people don’t come to work 1-2 days after the start date of employment.
The expenses we make for these people return to us as losses.
We want to cut back on that person’s wage for the expenses we make.
How should we proceed in order to not have any difficulties in terms of both the personnel and SSI (Social Security Institution)
…
(13.11.2018 15:19)

ANSWER
There can be deductions from the equipment, uniforms etc. that are given to the worker only for the losses.

 

Source: Ismmmo
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

 

]]> https://www.muhasebenews.com/en/can-there-be-deductions-from-the-workers-wage-for-the-losses/feed/ 0 Coca Cola bottle to be sold for over $150k https://www.muhasebenews.com/en/coca-cola-bottle-to-be-sold-for-over-150k/ https://www.muhasebenews.com/en/coca-cola-bottle-to-be-sold-for-over-150k/#respond Fri, 05 Apr 2019 13:00:18 +0000 https://www.muhasebenews.com/?p=53719 Coca Cola’s iconic bottle will be up for bid in Morphy Auction this month.

The 104-year-old bottle is expected to enter the auction at $150,000.

Coca Cola’s deposit bottle was introduced in 1917 in the U.S. It is the first commercial good to have appeared on Times Magazine, in 1950. The bottle became the iconic figüre of Coca Cola, being featured in the artworks of Andy Warhol and Salvador Dali.

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/coca-cola-bottle-to-be-sold-for-over-150k/feed/ 0 Is it possible to write off the investments for the rental office as expense at once? https://www.muhasebenews.com/en/is-it-possible-to-write-off-the-investments-for-the-rental-office-as-expense-at-once/ https://www.muhasebenews.com/en/is-it-possible-to-write-off-the-investments-for-the-rental-office-as-expense-at-once/#respond Wed, 03 Apr 2019 15:19:18 +0000 https://www.muhasebenews.com/?p=53450 Is it possible to write off at once the reparation, maintenance and renovation expenses of our rental warehouse and office of our company that does construction material business?

The investment is entered in 264 account. It is written off as an expense by extending it over the rent period.

Explanation of the 264 Special Costs Account: It includes the expenses made for the development of the leased rental properties or to continuingly increase their economic value and the amounts of the assets that are made for the usage of the real estate property and will be left to the landlord at the end of the rental agreement.

Functioning of the 264 Special Costs Account: The expenses are entered to this account as debt. These amounts are redeemed in equal amounts in the rent period or in 5 years if the rent period is more than 5 years.

 

 

 

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/is-it-possible-to-write-off-the-investments-for-the-rental-office-as-expense-at-once/feed/ 0 Am I supposed to submit annual income statement for my income from a single employer in Turkey? https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/ https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/#respond Sat, 30 Mar 2019 08:00:01 +0000 https://www.muhasebenews.com/?p=53042 A taxpayer who has business income on real taxation system in 2018 also works in a company as a 4A employee. Is this person also supposed to include their income from wages on the income statement they will submit for their business earnings?

If the income is earned from a single employer, it is not written on the annual income statement notwithstanding the amount.

 

 

 

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/am-i-supposed-to-submit-annual-income-statement-for-my-income-from-a-single-employer-in-turkey/feed/ 0 Should we include or exclude the VAT when drawing out an invoice for exchange difference? https://www.muhasebenews.com/en/should-we-include-or-exclude-the-vat-when-drawing-out-an-invoice-for-exchange-difference/ https://www.muhasebenews.com/en/should-we-include-or-exclude-the-vat-when-drawing-out-an-invoice-for-exchange-difference/#respond Fri, 29 Mar 2019 15:30:21 +0000 https://www.muhasebenews.com/?p=53036 My question is about invoices for exchange differences that occur when the prices of foreign exchange invoices of domestic sales are collected. Should we calculate the VAT by including it or additionally?

 

Exchange difference + VAT is calculated. The calculation is not made by including the VAT.

Example :
Exchange difference       : TRY 1.000
VAT – %18                          :  TRY  180
General Total                   : TRY  1.180

 

 

 

Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/should-we-include-or-exclude-the-vat-when-drawing-out-an-invoice-for-exchange-difference/feed/ 0 Goldman Sachs fined for reporting failures https://www.muhasebenews.com/en/goldman-sachs-fined-for-reporting-failures/ https://www.muhasebenews.com/en/goldman-sachs-fined-for-reporting-failures/#respond Thu, 28 Mar 2019 11:36:01 +0000 https://www.muhasebenews.com/?p=52880 The Financial Conduct Authority (FCA) stated on its website that Goldman Sachs International (GSI) has been fined £49 million for its failure in providing ‘accurate and timely’ reporting relating to 220.2 million transaction reports as of November 2007 to March 2017.

Goldman Sachs agreed to solve the case and therefore qualified for a 30% discount, making the fine £34.3 million.

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/goldman-sachs-fined-for-reporting-failures/feed/ 0 Is VAT applied in HGS and OGS systems used for toll bridges and highways in Turkey? https://www.muhasebenews.com/en/is-vat-applied-in-hgs-and-ogs-systems-used-for-toll-bridges-and-highways-in-turkey/ https://www.muhasebenews.com/en/is-vat-applied-in-hgs-and-ogs-systems-used-for-toll-bridges-and-highways-in-turkey/#respond Wed, 27 Mar 2019 15:00:25 +0000 https://www.muhasebenews.com/?p=52769 Is VAT applied on the payments of HGS and OGS systems used for toll bridges and highways in Turkey?

Yes. VAT is applied on these payments. VAT is calculated on the bank invoice.
The calculated VAT is subject to discount.

HGS: Fast Transit System
OGS: Automatic Transit System

 

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/is-vat-applied-in-hgs-and-ogs-systems-used-for-toll-bridges-and-highways-in-turkey/feed/ 0 How to draw up an invoice for the services we give to foreigners in Turkey? https://www.muhasebenews.com/en/how-to-draw-up-an-invoice-for-the-services-we-give-to-foreigners-in-turkey/ https://www.muhasebenews.com/en/how-to-draw-up-an-invoice-for-the-services-we-give-to-foreigners-in-turkey/#respond Mon, 25 Mar 2019 13:30:38 +0000 https://www.muhasebenews.com/?p=52468 My taxpayer who is a self-employed architect will draw a project for a Belgium citizen in the amount of 7.500 Euros.

  • Is it possible for him to draw up the self – employment invoice in Euro?
  • How are the VAT and withholding practices?
  • Is it possible to make collections in cash and in person?

 

18% VAT is applied notwithstanding the nationality of the client.

If the client is not a taxpayer, the income tax withholding is not applied.

The collection is made through the bank.

 

 

 

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/how-to-draw-up-an-invoice-for-the-services-we-give-to-foreigners-in-turkey/feed/ 0